Sabana Industrial REIT, Keppel EaaS team up to install EV charging stations, solar PVsSabana Industrial REIT and Keppel’s EaaS have inked a sustainability partnership memorandum of understanding (MOU), with the objective of the REIT becoming one of Singapore’s first carbon-neutral industrial REITs by 2040. The agreement may involve the possible installation of smart cooling with zero upfront capital expenditure to reduce energy consumption and maintenance cost for the REIT, as well as the operation of energy-efficient chiller systems, renewable energy certificates and green electricity supply over the long term.Both parties have also entered into agreements to install electric vehicle charging stations and solar photovoltaic cells (PVs) in the REIT’s properties. With the installation of the four Volt EV charging stations at the REIT’s property at 151 Lorong Chuan (New Tech Park), tenants and the public will be able to utilise the stations by 1H2023. Solar PVs will also be deployed and maintained by Keppel EaaS across four of Sabana REIT’s properties, with the installations completed by end 3Q2023 for three of the properties, and in 1H2024 at the fourth property.The solar PVs have an installed capacity of 4.7 megawatt peak (MWp) and are able to collectively produce over 5,700 megawatt hours (MWh) per year, sufficient to power over 1,700 three-room HDB flats for a year. This is expected to reduce over 43,000 tonnes of emissions over the project lifecycle of approximately 25 years – equivalent to the carbon abatement of planting 30,000 trees.Overall, through its collaboration with Keppel Energy-as-a-Service , Sabana Industrial REIT is well on its way to become one of Singapore’s first carbon-neutral industrial REITs.

Sabana Industrial REIT and Keppel Energy-as-a-Service (EaaS) have entered into a sustainability partnership memorandum of understanding (MOU), with the aim of the REIT becoming one of Singapore’s first carbon-neutral industrial REITs by 2040. Under the MOU, the REIT will leverage Keppel EaaS to implement various measures to reduce energy consumption and maintenance costs, and reduce carbon emissions.

As part of the MOU, the two parties have also entered into agreements to install electric vehicle (EV) charging stations and solar photovoltaic cells (PVs). In the initial phase, four Volt EV charging stations will be installed at the REIT’s property at 151 Lorong Chuan, also known as New Tech Park, and are targeted for completion within 1H2023.

Keppel EaaS will also install solar PVs across four of Sabana REIT’s properties: 10 Changi South Street 2, 34 Penjuru Lane, 3A Joo Koon Circle and 1 Tuas Avenue 4. The installations will be completed by end 3Q2023 for the first three properties, and 1H2024 at the fourth property. The solar PVs will have an installed capacity of 4.7 megawatt peak (MWp), and are able to collectively produce over 5,700 megawatt hours (MWh) per year – sufficient to power over 1,700 three-room HDB flats for a year.

The solar PVs will reduce over 43,000 tonnes of emissions over the project lifecycle of approximately 25 years, equivalent to the carbon abatement of planting 30,000 trees. In addition, the REIT is set to benefit from lower energy consumption.

Altura EC Altura EC is a 99-year leasehold executive condominium at Bukit Batok West Avenue 8, with 375 residential units. Bid for the project closes on 8 March 2022, with strong demand for the strategic location near schools, MRT Station and Tengah.

Keppel EaaS will serve as Sabana Industrial REIT’s one-stop solutions provider for its sustainability objectives. This includes the possible installation of smart cooling with zero upfront capital expenditure, as well as the operation of energy-efficient chiller systems, renewable energy certificates, green electricity supply and more over the long term.

Overall, the collaboration between Sabana Industrial REIT and Keppel Energy-as-a-Service is set to yield positive and far-reaching results for the REIT. With the EV charging and solar PV installations, the REIT is well on its way to becoming one of Singapore’s first carbon-neutral industrial REITs by 2040.